Alphamin appoints two nonexec directors
JSE- and TSX-V-listed Alphamin Resources has appointed Ziad Mikhael and Salman Bhatti as nonexecutive directors, at the request of its majority shareholder Alpha Mining, a subsidiary of International Resources Holding (IRH), subject to regulatory approval.
As previously reported by Mining Weekly, Abu Dhabi-based global mining company IRH in June entered into a definitive agreement with Tremont Master Holdings to acquire a 56% interest in Alphamin, which owns and operates tin mining assets in the Democratic Republic of Congo.
Both of the new appointees serve in management capacities with 2PointZero, an Abu Dhabi-based private global investment company and the holding company of IRH.
Mikhael currently serves as the director of investments at 2PointZero. He has previously served in roles in investment banking, engineering and large-scale project delivery including with Chimera Investment, SHUAA Capital and AECOM.
He holds a BSc in Engineering from Queen’s University, an MSc in Engineering from Concordia University and an MBA from INSEAD.
Bhatti is VP of investments at 2PointZero.
He has over a decade of financial and transactional experience, spanning investment banking, corporate finance and restructuring including with Chimera Investments, Deloitte and KPMG.
He holds a Masters in Economics and is a member of the Association of Chartered Certified Accountants.
As Alphamin’s constitution did not allow for a further increase in its board size without a further shareholders’ meeting, to make room on the board for the requested appointments, Eoin O’Driscoll and Jan Trouw agreed to, and have resigned as, directors.
O’Driscoll continues in his role of CFO, while Trouw will remain involved as a technical mining consultant.
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